The former Natwest in Stowmarket is in line for £240,000 of business rates retention Picture: GOOGLE MAPS

Cabinet member for finance John Whitehead said: “This scheme encompassing all of Suffolk has attracted over £11m of extra funding.

“This list totals just shy of £1m so it means we have not exhausted all of the funding.”

Development of a cafe and visitor centre at Needham Lake is in line for £300,000, while the revamp of the former Natwest in Stowmarket is receiving £240,000.

A £200,000 fund will go towards developing a technology hub in Stowmarket, £150,000 for the purchase and redevelopment of The Foyer in Stowmarket, £60,000 for a growth engagement programme and £30,000 towards establishing a Central Suffolk Chamber of Commerce.

The remaining £200,000 of Mid Suffolk’s share will be distributed to any new projects identified, if given approval by the relevant cabinet members, or pumped into the existing projects agreed.

The schemes have all been approved by Suffolk County Council as part of the business rates retention agreement, with full businesses cases set to be developed.

Green group leader Rachel Eburne said the documents did not have enough detail, and added: “I just feel that, while I support getting funding into our own district and not other areas of the country, I feel we should have better communication on this and better information.”

After this year’s pilot, it is understood central government will look at whether to roll it out further, although it is understood it would be to allow councils to retain 75% rather than 100% if approved.

Babergh District Council is set to approve its five projects totalling just over £1m at Thursday’s cabinet meeting.